FMCN is another stock out of focus today because of comments from Piper.
The Piper analyst believes Piper is going to lower guidance for the1st quarter to a 15 to 20% drop for the company's estimate of a 7% drop. Piper believes seasonality and the Chinese New Year break are to blame.
FMCN is down by 4%. Late this afternoon I jumped on the BIDU puts, but will leave this one go since seasonal and temporary factors are more to blame for lowered guidance. No directional NVDA play for me.